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Show Notes
State Senator Drew McEwen and Jeff Slakey discuss Senate Bill 5770, a property tax measure. According to Senator McEwen, the bill proposes allowing local governments to exceed the 1% property tax cap, established by voters and the legislature a decade ago, by tripling it to 3%. Moreover, the bill permits local governments to bank the unused increase for subsequent years without voter approval, potentially costing taxpayers an additional $6 billion in property taxes. Senator McEwen criticizes the proposal, highlighting the challenges of housing affordability and the need for responsible budgeting, suggesting that there is already a record surplus in state revenue. The conversation also touches on a separate bill related to small modular nuclear reactors as a potential carbon-free power source.